These two major Alberta cities are the most in-demand to buy a house in
While the real estate market is cooling in Edmonton and Calgary, some spots in Alberta are still seeing a jump in the price of a detached house.
According to market statistics for March 2026 from the Alberta Real Estate Association (AREA), the average price of a detached home in the province sat at $604,761, a 1.8 per cent year-over-year increase.
While major hubs like Edmonton and Calgary have seen a price slowdown, two major cities in the province saw the average price of a detached home rise year-over-year by more than five per cent, and where they are may surprise you.
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Lethbridge led the province with a 10.6 per cent year-over-year increase to rise to an average price of $497,099; Medicine Hat came in second place with a 5.8 per cent increase to hit $417,383.
While still rising, but not nearly as much as Medicine Hat and Fort McMurray, Red Deer and Grande Prairie came in third and fourth place, with a 2.9 and a 2.5 per cent per cent increase, respectively.
Edmonton saw a 1.4 per cent increase, landing at $554,313, while Fort McMurray saw a 1.1 per cent decrease in prices, to come to $487,954.
Calgary saw the largest year-over-year price decline, seeing a 4.5 per cent dip in the average price for a detached home, landing at $687,750.
Looking at statistics for all of Alberta, the AREA stated thatĀ February saw a 9.2 per cent year-over-year drop in sales, with the biggest drops seen in row housing and apartments. New listings increased by 3.5 per cent year-over-year. Inventory increased 10.6 per cent year over year. The sales-to-new listings rose to 56 per cent.
There were 3.24 months of supply in February, up 22.1 per cent year-over-year. Calgary and Edmonton are continuing to see a loosening of supplies, while Medicine Hat has the tightest conditions in the province, having 1.28 months of supply. Red Deer rose significantly (79 per cent) to 2.35 months. All regions experienced year-to-date average price growth, rising the most for Lethbridge (+15 per cent) and Medicine Hat (+9 per cent).
You can view the full statistics online.